HAMPTON ROADS BANKSHARES INC 4
4 · HAMPTON ROADS BANKSHARES INC · Filed Aug 2, 2016
Insider Transaction Report
Form 4
Davis Ronald E.
Chief Risk Officer
Transactions
- Award
Option (right to buy)
2016-07-29+33,000→ 33,000 totalExercise: $0.83Exp: 2022-02-22→ Common Stock (33,000 underlying) - Award
Warrant
2016-07-29+30,624→ 30,624 totalExercise: $2.62Exp: 2019-05-07→ Common Stock (30,624 underlying) - Award
Option (right to buy)
2016-07-29+107,184→ 107,184 totalExercise: $2.62Exp: 2019-05-07→ Common Stock (107,184 underlying) - Award
Common Stock
2016-07-29+120,436→ 120,436 total - Award
Option (right to buy)
2016-07-29+22,000→ 22,000 totalExercise: $1.03Exp: 2021-04-03→ Common Stock (22,000 underlying) - Award
Option (right to buy)
2016-07-29+76,560→ 76,560 totalExercise: $0.95Exp: 2022-08-14→ Common Stock (76,560 underlying)
Footnotes (6)
- [F1]Received in exchange for 27,372 shares of Xenith Bankshares, Inc. ("Legacy Xenith") pursuant to the terms of the Agreement and Plan of Reorganization, dated as of February 10, 2016 (the "Merger Agreement"), between Legacy Xenith and Hampton Roads Bankshares, Inc., Legacy Xenith was merged with and into Xenith Bankshares, Inc. (previously, Hampton Roads Bankshares, Inc., "New Xenith"). On the effective date of the merger, the closing price of Legacy Xenith's common stock was $8.90 per share, and the closing price of New Xenith's common stock was $2.05 per share.
- [F2]These options were converted from options to purchase 24,360 shares of Legacy Xenith common stock for $11.49 per share pursuant to the terms of the Merger Agreement and were fully exercisable.
- [F3]These options were converted from options to purchase 5,000 shares of Legacy Xenith common stock for $4.50 per share pursuant to the terms of the Merger Agreement and were fully exercisable.
- [F4]These options were converted from options to purchase 7,500 shares of Legacy Xenith common stock for $3.61 per share pursuant to the terms of the Merger Agreement and were fully exercisable.
- [F5]These options were converted from options to purchase 17,400 shares of Legacy Xenith common stock for $4.15 per share pursuant to the terms of the Merger Agreement and were fully exercisable.
- [F6]This warrant was converted from a warrant to purchase 6,960 shares of Legacy Xenith common stock for $11.49 per share pursuant to the terms of the Merger Agreement and was immediately exercisable.